SF 598: Relating to the assessment of certain development property, and including effective date and retroactive applicability provisions

What it does

1, which authorizes a county board of supervisors to adopt an ordinance providing that property acquired and subdivided for development of housing shall continue to be assessed for taxation in the manner that it was prior to the acquisition for housing until the lot is sold for construction or occupancy of housing or five years from the date of subdivision, whichever is shorter.1 also authorizes time extensions of certain ordinances that affect the assessment of property subdivided for development of housing and authorizes the time extensions of certain ordinances by counties and by cities in the portion of the applicable area located in the incorporated area of the city.

Senate subcommittee · named March 17, 2025

• Sen. Dawn Driscoll (R) · dawn.driscoll@legis.iowa.gov
• Sen. Herman C. Quirmbach (D) · herman.quirmbach@legis.iowa.gov
• Sen. Jeff Reichman (R) · jeff.reichman@legis.iowa.gov

Lobbying · 4 for, 0 against

For: Hubbell Realty Company; Iowa Housing Partnership; Iowa Real Estate Developers Association; Quad Cities Chamber of Commerce

In plain words

1. February 25, 2025Filed in the Senate and sent to the Local Government committee · as SSB 1180
2. February 25, 2025Senate subcommittee named: Webster, Quirmbach and Sires · as SSB 1180
3. March 6, 2025Subcommittee recommended passing it with changes · as SSB 1180
4. March 6, 2025Approved by the Senate committee, and given a new number: SF 598 · as SSB 1180
5. March 10, 2025Filed in the Senate
6. March 10, 2025Approved by the Senate committee
7. March 11, 2025Sent to the Senate Ways and Means committee
8. March 17, 2025Senate subcommittee named: Driscoll, Quirmbach and Reichman